Pinterest Inc’s recent filing unveils that its Chief Accounting Officer Acosta Andrea unloaded Company’s shares for reported $0.12 million on Jun 20 ’24. In the deal valued at $45.00 per share,2,564 shares were sold. As a result of this transaction, Acosta Andrea now holds 186,906 shares worth roughly $8.41 million.
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Then, Acosta Andrea sold 3,845 shares, generating $168,796 in total proceeds. Upon selling the shares at $43.90, the Chief Accounting Officer now owns 189,470 shares.
Before that, Ellis Sabrina sold 22,345 shares. Pinterest Inc shares valued at $925,530 were divested by the Chief Product Officer at a price of $41.42 per share. As a result of the transaction, Ellis Sabrina now holds 542,848 shares, worth roughly $24.42 million.
Argus upgraded its Pinterest Inc [PINS] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who began to cover the stock in early January with a ‘”an Outperform”‘ rating. RBC Capital Mkts revised its rating on December 11, 2023. It rated PINS as “an Outperform” which previously was an “a Sector perform”.
Price Performance Review of PINS
On Tuesday, Pinterest Inc [NYSE:PINS] saw its stock jump 4.31% to $44.98. Over the last five days, the stock has gained 2.62%. Pinterest Inc shares have risen nearly 21.44% since the year began. Nevertheless, the stocks have risen 71.42% over the past one year. While a 52-week high of $45.01 was reached on 06/25/24, a 52-week low of $23.59 was recorded on 04/25/24. SMA at 50 days reached $40.13, while 200 days put it at $34.87. A total of 9.52 million shares were traded, compared to the trading of 8.32 million shares in the previous session.
Levels Of Support And Resistance For PINS Stock
The 24-hour chart illustrates a support level at 43.78, which if violated will result in even more drops to 42.58. On the upside, there is a resistance level at 45.68. A further resistance level may holdings at 46.39. The Relative Strength Index (RSI) on the 14-day chart is 67.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.65%. Stochastics %K at 73.54% indicates the stock is a holding.
